Time in Yerevan: 11:07,   26 February 2024

220 applications approved in state-funded home building project in border towns

220 applications approved in state-funded home building project in border towns

YEREVAN, DECEMBER 6, ARMENPRESS. The government has so far approved 220 applications for the state-funded home construction program in border towns.

Gayane Gharagyozyan, an official from the Ministry of Labor and Social Affairs, said at a press conference that the state works with banks to provide up to 16 million drams in loan for building a house in a border town. The entire amount is subsidized by the state and people signing up for the program don’t have to make any expenses.

Most of the applications come from Tavush and Syunik provinces.

The government expects that some of the forcibly displaced persons from Nagorno-Karabakh will also start applying for the program, Gharagyozyan, the Coordinating Advisor of Individual Functions of Structural Divisions at the Ministry of Labor and Social Affairs said.

The program was introduced in 2022.

 








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